.jpg "Ellington Financial (NYSE: EFC)")
Today, a Director at Ellington Financial (NYSE: EFC), Ronald Simon, bought shares of EFC for $29.79K.
This recent transaction increases Ronald Simon’s holding in the company by 8.83% to a total of $367.2K. In addition to Ronald Simon, 3 other EFC executives reported Buy trades in the last month.
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Based on Ellington Financial’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $40.09 million and quarterly net profit of $21.04 million. In comparison, last year the company earned revenue of $22.02 million and had a net profit of $15.28 million. EFC’s market cap is $500.3M and the company has a P/E ratio of 12.94. Currently, Ellington Financial has an average volume of 115.6K.
Seven different firms, including B.Riley FBR and Merrill Lynch, currently also have a Buy rating on the stock.
Ronald Simon’s trades have generated a 32.7% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Ellington Financial LLC engages in the provision of investment services. It manages mortgage-backed assets, securities, loans and real estate debts. The company was founded on July 9, 2007 and is headquartered in Old Greenwich, CT.
